Downsizing your home

Downsizing at a glance Downsizing your home can reduce the size of your mortgage and ongoing running costs in some situations, but buying and selling costs can add up.  Your equity and loan to value ratio (LVR) can affect your next loan options and costs, including whether lenders mortgage insurance (LMI) applies. If you’re 55 … Read more

Australian scam victims could get rapid $3,000 refunds.

Australians scammed out of A$3,000 or less could be able to claim automatic reimbursement from banks, phone companies or tech companies, under a new federal government proposal. Last year, there were 481,523 scam reports in Australia, worth A$2.18 billion, with a median loss of $400, a recent official report found. That was up 7.8% from … Read more